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with the young turks with cenk uygur. >> it's go time. >> cenk: hsbc is a british bank, one of the largest in the world. they were recently caught dealing not only with drug records and running their money across the world but also al-qaeda and other terrorist groups. of course, as you know, in today's world there will be no consequences. there's a minor fine, but absolutely no one will go to jail. ryan ross of abc news has more. >> when the most ruthless members can he be drug cartels wanted to hide their money they went to hsbc, along with terrorists, all customers of a bank known around the world. today, u.s. authorities said they were holding the british-based bank account automobile. psbc agreed to pay a record $9.12 billion in forfeitures. >> the largest ever. a did he everred prosecution agreement means there will be no prosecution of the bank or its top executives despite more than a decade of dealing with criminals and terrorists. >> cenk: now you heard their record fine, $1.9 billion sounds like a lot of money. why do i say it's a small fine. there's the executives testifying. th
.s. and brazil while warning over a week's global recovery. >>> and hsbc agreed to settle money laundering charges, paying a record $1.9 billion fine. >>> and we're getting the bumping out here today, not only because it's christmas, but -- >> because james ferguson is here. >> and we are finally in the same place at the same time. ♪ reunited and it feels so good ♪ >> there we go. >> my apologies to everyone for that. >> how about that voice? i feel a christmas sing along coming on at some point. >> it's the holt day spirit. >> it is. >> also, we are outside the u.s. senate. we're going to see just how much progress has been made or how little progress between the president and congress on the fiscal cliff situation. >>> and we'll find out just how much the european debt crisis has affected tourist's willingness to travel to southern europe. >> and then south korea's presidential election, yes, it's not just japan, and what to expect from the winner. >>> let's just plug you into where we are with this global market. more now on the global trading day in europe. 5-4 advances just about
, thanks. it seems bankers were a little too lax with their bankers. hsbc has agreed to pay a fine in the united states in connection with charges of money laundering. media reports say the fine will be the largest ever paid by a bank to u.s. authorities. hsbc admitted on tuesday its anti-money laundering measures had been inadequate. the bank agreed to pay the penalties to u.s. authorities including the justice department. the bank says it accepts responsibility for past mistakes and has beefed up its internal controls. in july, a u.s. senate report accused the bank of being involved in money transfers linked to drug deals originating in mexico. the report also said the bank settled money transactions with links to iran, a country under u.s. sanctions. >>> now, british authorities have arrested three british men. that's over their alleged connection to a rate-fixing scandal involving libor, the london interbank offered rate. the serious fraud office announced tuesday the first arrests in the case that has rocked the financial community. but officials gave no details other than the
ended marginally in the red. hsbc came under pressure after reports say it may pay a $1.8 billion fine over the money dering scandal. in australia, strong jobs data failed to boost the market. the asx 200 finished lower by a quarter percent. sensex still in action now trading lower by 0.4%. back to you. >> all right. catch you later. apple had its worst day in four years dragging down the nasdaq. different story for the dow. at one point dow was up more than 100 points. the last time the index closed up triple dinlg et gains, the way back in may two 2. joining us for the first part of the program, nick khar. thanks for joining us. xetra dax up 52 week highs. which is sort of interesting in several. >> nokia down 9% over the last five years. and i guess the apple story if you're a bear is a potential nokia story, a story about a company that is dominating its space at the moment, but priced for perfection. so who knows if there is a disappoint coming. but if there is, there's not much margin for error. gr it all depends on whether we'll be buying other products other than apple in five
's biggest bank, hsbc, bank santander and international finance corporation are among them. it is layer for a japanese bank to lead such a large, financial deal especially when there isn't any local corporate or government involvement. this project could mark a milestone for japanese banks in their attempt to create a bigger presence in the global market. the plant will be built by braskan and mexico's group odessa. it's due to start operations by 2015. that's all from nikkei business report. back to you, kelly. >> thanks very much for that. >>> now, plans for the london and moscow listings suffered a blow this year when goldman sachs withdrew as a lead individualser on the ipo of alleged corporate governance issues. in a cnbc global exclusive, geoff cutmore asked alisher usmanov if events in october hurt his relationships. >> translator: i have always respected lloyd blankfein. goldman sachs is a company with which we are working with, the company that i control is working with. that is to say, i believe we will continue to work with gold pan sacks in the future. there is no doubt in m
followed suit and declined to a 16-month high. insurance surged 5% after hsbc explored a stake group. the nikkei closed at a seven-month high. shares gained 4% after the qualcomm investment firm. in south korea, samsung hit another all-time high, helping the kospi finish higher by .6 of a percent. this despite a slightly slower gdp growth in q3. back to you. >> sixuan, thanks very much indeed for that. that's feeding into european markets. flat as a pancake. this is where we stand. ftse 100 up half a percent. cac up 7%. break that down into sectors, you will see basic resources, best gainer. that son the back of the chinese data. banks not doing too badly as well, so europe helping out a little bit on that side as well. three sectors. household goods. certainly having the market impact at the moment. plenty of other data to go. on the debt markets, we'll keep our eyes on spanish auctions. probably nothing too much to worry about there. this is the service sector and the autumn statement will get a big focus for guilts today. 1.83% on the yields. on the currency markets, we talked abo
institution. of course, following that $1.9 billion fine that was given to hsbc. what we do know is that the company is admitting criminal wrongdoing in its japanese arm because, you know, around 30 traders worldwide had manipulated the yen libor between 2005 and 2010. the ceo speaking this morning says, you know, despite the troubles in the japanese arm, he does not believe that there's -- the bank is going to be shutting down the operations in that country entirely. saying that 30 to 40 people have already left the bank. they also gave us a bit more information on what kind of impact this will have on profits. they see a fourth quarter net loss of around 2.5 billion swig franks. a full-year profit of 2.5 to 3 billion. and the most important part, why shares are trading up. they still expect a fourth quarter net new money being positive. and again, i mean, it's puzzling to some. on the other hand, investors are clearly focusing on the rebound story much more than the lobbyer story because, you know, these are things of the past. >> and also it's the "wall street journal" reporti
Search Results 0 to 8 of about 9 (some duplicates have been removed)